Finding Affordable Insurance For Non-Profit Organizations

Directors and officers for non profit companies The nature of a non-profit organization often makes it more susceptible to legal liabilities. You still have the same general liability needs as other companies, but there are many other industry-specific liabilities that you may need protection from as well. Whether your company is performing medical research, providing sports and recreation opportunities for youth or advocating social action on civil rights issues, you could benefit by purchasing a policy written specifically for non-profit organizations. One of the primary reasons that non-profit organizations don’t carry additional insurance policies specific to their needs, however, is because they operate on a limited budget. Here are a few money saving tips to help you get the most out of your coverage. Get A Customized Policy Reputable insurance carriers can help you customize a policy that addresses your organization’s specific areas of exposure while still staying within your budget. You shouldn’t have to pay for coverage that you don’t need. This is something that directors and officers for non-profit companies can appreciate. Ask About A Multiple Policy Discount Many insurance companies offer discounts if you purchase multiple policies from them. Start by finding a few reputable insurance companies that specialize in the complexities non-profit coverage and then find out if they offer other types of insurance. Chance are  if you also get coverage for general liability coverage, worker’s compensation and directors and officers for non-profit companies from the same insurance company, all of the premiums will be more cost effective.  

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